Saturday, December 06, 2008

An Answer to Many Things

Gasoline at $1.00 a gallon? Seems unreal, but experts now say it is a possibility.

Can we satisfy the best instincts of progressives who are concerned about our environment as well as conservative impulses to resist holding the country hostage to foreign oil and the terrorism thereby financed? Can we reapply a stimulus to buy Detroit's hybrid and new electric vehicles, thereby supporting the auto industry in a non-bailout way, while simultaneously stimulating the development of alternative sources of energy so the America (and the West) may be energy-independent? Can this all be done and continue downward pressure on petroleum costs? Absolutely.

The answer is simple: a $1.00 per gallon federal gasoline tax. The proceeds would be used to help pay off our staggering debt and government costs related to rebuilding infrastructure during the "depre-cession". That which we tax, we get less of (e.g., consumption of gasoline).